# Allen Seeks New Trial Over Security Definition | Lubbock News

Page: https://stenobird.com/podcast/lubbock-news-today-2-min-news-the-daily-news-now-7571537/allen-seeks-new-trial-over-security-definition-lubbock-news
Text version: https://stenobird.com/podcast/lubbock-news-today-2-min-news-the-daily-news-now-7571537/allen-seeks-new-trial-over-security-definition-lubbock-news.md
Podcast: [Lubbock News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/lubbock-news-today-2-min-news-the-daily-news-now-7571537)
Published: 2026-09-05T06:54:56+00:00
Episode link: https://sources.thednn.ai/b8c14b3c77295d6c
Audio file: https://api.fastcast.ai/audio/be8c9a2b-9d65-4244-8f69-05dea9c51538.mp3
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/lubbock-news-today-2-min-news-the-daily-news-now-7571537/episodes/allen-seeks-new-trial-over-security-definition-lubbock-news
Duration seconds: 98

## Resource

Joshua Allen, co-founder of Ferrum Capital, is seeking a new trial claiming jury instructions on what constitutes a “security” were flawed—arguing the investments weren’t securities. Prosecutors fiercely oppose, insisting the jury got it right: Ferrum’s offerings were classic investment contracts, and hundreds of victims, many from Lubbock, lost over $67 million. The government says the jury’s verdict was sound and even applied a stricter standard than required. With sentencing looming in December, the judge’s decision on the new trial request remains pending. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/b8c14b3c77295d6c

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